Items Tagged with 'William H. Gross'

ARTICLES

  • We Have a Winner, and His Name is Bill Gross

    Say what you will about the man, but PIMCO fund manager Bill Gross has clearly proven adept at getting his way throughout this credit crisis -- and investors in his funds are reaping the rewards. The UK Telegraph reported earlier this week that the U.S. Treasury's move to place Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] into conservatorship netted Gross and his fund $1.7 billion in profit.
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  • PIMCO's Gross Bets on Agency Mortgage Debt -- and Wins

    PIMCO's Bill Gross, manager of the world's largest bond fund, is betting big on mortgages. The Financial Times reported last last week that Gross had shifted more than 60 percent of the $130 billion PIMCO Total Return fund he manages into agency-backed mortgage debt during the first quarter, a move that has put the PIMCO fund's returns ahead of 99 percent of its peers. The fund has returned 12.6 percent over the past 12 months, according to Morningstar rankings, and 3.8 percent so far this year.
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